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Here’s a breakdown of raises in the Senate budget for teachers, state employees, retirees, UNC and community college personnel.
The House budget proposed 10.2% average raises for teachers, with 7.5% for state employees. Some employees in harder-to-fill positions would get higher raises — including school bus drivers, who ...
A shift of longevity pay to retention pay, which would slightly increase the rate of longevity pay for employees with more than 10 years of experience but less than 25 years of experience. It ...
Pension spiking. Pension spiking, sometimes referred to as "salary spiking", [1] is the process whereby public sector employees are granted large raises, bonuses, incentives or otherwise artificially inflate their compensation in the time immediately preceding retirement in order to receive larger pensions than they otherwise would be entitled ...
Nominal wages. Adjusted for inflation wages. Employer compensation in the United States refers to the cash compensation and benefits that an employee receives in exchange for the service they perform for their employer. Approximately 93% of the working population in the United States are employees earning a salary or wage.
In the meantime, 600 Aetna employees will begin working with the State Health Plan on the transition. The state’s new contract with Aetna will begin in 2025. More than 700,000 teachers, state ...
Those include average raises of 7% for most teachers and state employees over two years, the personal income tax rate being cut to 3.99% by 2025, a major expansion of private school vouchers, and ...
May 12, 2023 at 5:45 AM. There’s a growing vacancy rate for North Carolina state employees, and the level of raises in the state Senate’s upcoming budget proposal could make it better or worse ...